Comments on: Martin Feldstein Calls a Downturn, Takes Issue With Government Statistics http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html Mon, 23 Nov 2009 01:53:25 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: dug http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7754 dug Thu, 08 May 2008 19:20:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7754 I thought that even purchase-money mortgages were only non-recourse in four states - one of them being California, though. I thought that even purchase-money mortgages were only non-recourse in four states – one of them being California, though.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7734 Anonymous Thu, 08 May 2008 13:55:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7734 Question.<br/><br/>Why don't all these smart guys proposing solutions to "mortgage" problem, club together raise some money and buy up all the problem properties and mortgages? Question.

Why don’t all these smart guys proposing solutions to “mortgage” problem, club together raise some money and buy up all the problem properties and mortgages?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7733 Anonymous Thu, 08 May 2008 13:40:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7733 Scott Frew,<br/><br/>Second that. He was defending the policies of current administration for a long time until recently. <br/><br/>Plus, why is it always the Fed and the system saves the wealthy, and powerful yet ignore ordinary people.<br/><br/>It is crony capitalism, has been this way for a long time.<br/><br/>A. Scott Frew,

Second that. He was defending the policies of current administration for a long time until recently.

Plus, why is it always the Fed and the system saves the wealthy, and powerful yet ignore ordinary people.

It is crony capitalism, has been this way for a long time.

A.

]]> By: Scott Frew http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7720 Scott Frew Thu, 08 May 2008 11:57:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7720 It might just be me, but I seem to have noticed a marked change in Feldstein's willingness to criticize administration economic policy, and to speak freely of economic conditions as he saw them, after he was bypassed for the role of Fed Chairman. It might just be me, but I seem to have noticed a marked change in Feldstein’s willingness to criticize administration economic policy, and to speak freely of economic conditions as he saw them, after he was bypassed for the role of Fed Chairman.

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7713 Yves Smith Thu, 08 May 2008 10:15:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7713 a,<br/><br/>I haven't cited Feldstein before for that very reason. I'm not terribly keen about his reluctance to let the economy take any pain, when it seems there isn't much way of avoiding that. a,

I haven’t cited Feldstein before for that very reason. I’m not terribly keen about his reluctance to let the economy take any pain, when it seems there isn’t much way of avoiding that.

]]> By: a http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-downturn-takes.html#comment-7711 a Thu, 08 May 2008 09:26:00 +0000 http://www.nakedcapitalism.com/2008/05/martin-feldstein-calls-a-downturn-takes-issue-with-government-statistics/#comment-7711 "For instance, last month he wrote in the Wall Street Journal against further rate cuts, arguing they'd do little to stimulate growth but would be effective fuel for inflation."<br/><br/>If memory serves Feldstein was one of the first chicken littles to advocate cutting rates, to avert recession. Never apologized for taking that position, as near as I can tell. “For instance, last month he wrote in the Wall Street Journal against further rate cuts, arguing they’d do little to stimulate growth but would be effective fuel for inflation.”

If memory serves Feldstein was one of the first chicken littles to advocate cutting rates, to avert recession. Never apologized for taking that position, as near as I can tell.

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